Word of the Day – October 6, 2024

plan sponsor

Acronyms

  • None

Preferred Term

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Non-standard Terms

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Definitions

Type Definition Sources
Title A designated party, usually a company or employer, that sets up a healthcare or retirement plan such as a 401(k) for the benefit of the organization's employees. The responsibilities of the plan sponsor include determining membership parameters, investment choices and, in some cases, providing contribution payments in the form of cash and/or stock. (used 74 times in citations and controls)
  • Per ISO 704:2009 methodology

Other Forms

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Citations

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